Welcome to a new episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Sokudo. The AMA took place on December 16 and our guest was Ren Osaka, project manager at Sokudo.
The total reward pool was 750$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with Sokudo! welcome to Satoshi Club.
Sokudo Admin: Hi satoshi club members.
Mary | Satoshi Club: So, please, introduce yourself and Sokudo project to our community.
Sokudo Admin: Guy’s I am Ren Osaka, project manager at Sokudo, and I am happy to say that we are a deflationary yield farming project.
We have a suite of defi products to be launched shortly. We are currently working on two essential products that will have SKD ( sokudo token ) integration in it.
Staking is live on our website sokudo.finance, and people get good rewards for staking their LP’s. We have a partnership with FERRUM NETWORK as we are using their staking service for NFT’s.
Mary | Satoshi Club: A lot of things already done
do you have a big team?
Sokudo Admin: Yes, we have a team of 15 members working with us, 2 NFT creators, 3 blockchain developers, 2 web dev’s, 2 accounting members, 1 project manager (me) and 7 freelancers for the marketing of the project. That’s actually 17 members in total. As 2 marketing people we hired them just today.
D. | Satoshi Club: And now time for the questions! And now time for the questions!
Sokudo Admin: Sure, happy to answer them.
Q1 from Telegram username @KevSalom
It’s a little uncomfortable to want to find out about a project of interest and find almost no information on your site or your medium’s blog. When will you create your whitepaper and publish project data such as your mission, vision, team and so on? This will undoubtedly increase your confidence in Sokudo.
Sokudo Admin: We have many things to cover in the whitepaper, and it shall be done by the end of this week. and we will do it with the road map, as this is not a small project and we have so many things to include in the project roadmap and white paper, we are working on our incubator site, sokudo.capital as we have already been approached by 7 startups here in japan with their defi and yield farming projects. so sokudo will be the launchpad for these projects.
Things are moving fast and we are working on the whitepaper with all the details. so by sunday you can expect the whitepaper.
D. | Satoshi Club: And what about team? are planning to stay anonymous?
Sokudo Admin: Yes team will be anonymous for the betterment of the project.
Q2 from Telegram username @nadynas
You had 2 rounds of sale until now. How successful they were and do you plan to do more? Did you achieve any partnership with big investment or capital groups which sponsors the startups?
Sokudo Admin: Also i want to mention about the various versions of the whitepaper we will have, we have english, french, spanish, japanese, vietnamese, polish, swedish, filipino, brazilian & portugese, sokudo community groups who will help us to create whitepaper in their native languages. These groups are already active and have a good amount of members in them.
So we had 2 round of pre-sales and the second one was pretty successful and we secured a good amount of eth around 151 eth after paying to influencers, and promoters. we didn’t got partnered with any investment capital groups. but we have a VC we are working with currently and we shall announce after it’s confirmed. they like the tokenomics.
Mary | Satoshi Club: It’s good! Hope you will onboard them! One more announcement we are waiting from you.
Q3 from Telegram username @nellybarty
On your first page, the APY is 260.36. On your about page, it’s 25800%. How comes there is such a big difference? Where does it come from?
Sokudo Admin: Apy is dynamic and it changes based on the no of staker in the pool and price of skd. when we initially launched the apy was more than 100k% as the price of SKD was ranging between $300–400. Apy is dynamic and it will keep changing based on those 2 factors which i have mentioned.
Mary | Satoshi Club: Hope, it will rise again soon.
Sokudo Admin: It will as the supply is only 3k right now and every 2 weeks the reward reduces from 100 skd to 50skd and then to 25 and then to 12.5… like this. So the supply will not increase more than 4k till the next few years.
D. | Satoshi Club: Thank you for answer! next question is coming…
Q4 from Telegram username @Highpee
Based on the article you published in your Medium, your project has two tokens, $SKD and $IKIOI, with $SKD being your native token. It is clear how we can farm more $SKD token but no much information as to what to stake to earn $IKIOI or what the APY will be. What will the $IKIOI token be used for? And which of this tokens should we hold in order to be eligible to participate in governance?
Sokudo Admin: We are preparing for the IKIOI (meaning in english = momentum) token launch in the month of JAN 2021. the best way to get IKIOI is through the pre-sale that we will conduct in JAN 2021. APY will be in the range of 20–30k %. IKIOI will be used to farm NFT’s which you can sell on our NFT MARKETPLACE?—?NDEX.
D. | Satoshi Club: How many tokens will be allocated for pre-sale?
Sokudo Admin: As always the early farmers who join IKIOI will get the NFT’s. 5k priced same like SKD around $55–75.
Mary | Satoshi Club: And total supply?
Sokudo Admin: 5k will be initial supply and total supply will be not more than 12k. 5k for pre-sale and 5k for team vested for 1 year so we don’t get all tokens in one go. Like in sokudo we get only 27 tokens per day as a reward.
If you don’t mind can i put some NFT’s that we created for some of our promoters? just so that people can see the art of our NFT creators.
https://esatoshi.club/wp-content/uploads/Komp-3_2_1.gif.mp4
Q5 from Telegram username @JesusFre1tes
SOKUDO is launching a unique NFT platform where SKD farmers can sell their NFT generated from IKIOI agriculture. My question is, what features will these NFTs have? Many of today’s DeFi projects bring only symbolic value to their NFTs, will Sokudo change this? How rare, special and valuable will your TNs be?
Sokudo Admin: We gurantee that our nft’s are unique and will have a pre-valued evaluation. By our nft valuation team. This is something you might have not heard till now, and we are not like rari, rari gives only eth option for buyers and sellers. NDEX will have integration of our native token SKD. This will increase the adoption on SKD globally.
Mary | Satoshi Club: So, we will be able to trade for SKD and ETH? Right?
Sokudo Admin: For now, we have eth and skd options, people who use skd as payment option they get a 10% discount on the price.
Yes ofc, on uniswap.
Q6 from Telegram username @konditer_rolex
Solidity.Finance published their audit report. If I understand correctly, you retained the ability to mint tokens at any time. This may scare off investors. Have you removed this feature, or have everything left unchanged for now?
Sokudo Admin:We left that function as the transaction cancelled at the last moment to remove that mint function…we informed this to solidity team….but we have renounced the ownership and cannot change anything now.
Mary | Satoshi Club: What does it mean ‘renounced the ownership’?
Sokudo Admin: Cancelling the ownership of the contract to make any more changes to the contract.
PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS
The chat was open for 80 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.
Q1 from Telegram User @JoxesXIII
Is there any reason why you have decided to enter and participate in the Ferrum Network staking program in these very early stages of the project?
Sokudo Admin: Yes we were approached by FERRUM, and we saw they are good to become a partner, and they have some good staking services which are ready to use for us, this will reduce a lot of our teams efforts and helps us launch nft staking at a early stage where as it was launched in jan-feb 2021.
Q2 from Telegram User @leixagarcia
In your Sokudonomics you mention that “there will be no marketing token”, first time I really see it, usually the projects leave some percentage for this area. What is the reason for this?
Sokudo Admin: We have 27 tokens / day reward which we are using for payments to marketing people.
Q3 from Telegram User @Gutike95
On which exchange is the native Sokudo $ SKD tokens listed? And what will be the next platform on which they will be listed?
Sokudo Admin: In uniswap we are listed already and we are in talks with bitmax, idex and bilaxy… hoo exchange we are already approved just need to add liquidity there.
Q4 from Telegram User @bathulosnom
What is the 4% TAX for DEV team? From where the TAX come from?
Sokudo Admin: The tax option was to add more dev funds which we can use to increase liquidity, but we removed it as it was looking to investors as a point of greed.
Q5 from Telegram User @quocnguyen1234
Do Sokudonomics see who your biggest competitors are right now, and what do you think of your own projects in comparison to those projects? and what weaknesses in your project need to be addressed in order for users to choose your project over a competitor?
Sokudo Admin: Yes we see RARI as our biggest competitor, so we are building a better platform than rari and offer a launchpad for startups to launch their yied farming projects on sokudo.
Q6 from Telegram User @konditer_rolex
Tell us about the fundraising platform and when will we know the names of the first startups that passed the KYC test? SKD owners are ready to invest and await news.
Sokudo Admin: Yes sure, we have been approached by 10 different yield farming projects and we have so far approved 2 projects and verified their kyc, so they can launch on sokudo platform and skd holders can safely invest in them as we are taking the funds gurantee for all our skd investors. and also if people invest in these startups with skd they get bonus tokens this is the rule we have set..can say we are following BNB.
Q7 from Telegram User @BJosefina61
Not having used a token generator is great, good to know. Now, how are the audits at the moment and how confident are you in the team’s devs and yourself?
Sokudo Admin: Thanks, yes we have inhouse developers and we have not used any token generator as this is a custom contract. you can have a look at the final report from the solidity team here: https://solidity.finance/audits/Sokudo/
Q8 from Telegram User @PyaraLarka
What is the minimum $SKD required to to stake SKD tokens?
Sokudo Admin: No minimum tokens you can invest as much as you want.
Q9 from Telegram User @cryptofollower
For users to invest to a project, trust and security of project is really important. Can you tell me about them?
Sokudo Admin: Yes we have done a lot things to instill the user trust, by locking the liquidity for next 6 years: https://twitter.com/SokudoF/status/1337754271261937666.
Burnt 7k tokens https://twitter.com/SokudoF/status/1337717723334250497
Compensating skd holders due to the initial launch hiccups with daily $1k worth of USDT https://twitter.com/SokudoF/status/1338270033105960961
Total 3k worth of airdrop distributed in last 3 days and for NDEX and SOKUDO CAPITAL (launchpad) SKD is needed.
Q10 from Telegram User @Rodriguez52
How to purchase $SKD token and What is the selling strategy and Is there a reward for buying a mammoth amount of $SKD?
Sokudo Admin: The more SKD you have the more chance of making higher profit in future, once we launch NDEX and SOKUDO CAPITAL there will be a flood of new investors in the project. SKD price will skyrocket as there is very less supply.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Sokudo. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 450$ were distributed between the winners.
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Website: https://sokudo.finance
